BUY BACK OF SECURITIES
Company at a time may come under a situation where it needs more capital or some time it may suffer from over capitalization. This extra capital may harm company by various ways. To prevent from this harm, there is way called buy-back of securities.
The companies Act, 2013 along with SEBI (Buy back of securities)Regulation,1998 and Private Limited Company and Unlisted Public Company(Buy back of securities) Rules,1999 provides the rules for the buy back of securities by Listed and unlisted companies. Here is a quiz for you on buy back of securities. Take the Quiz to check your knowledge on Buy Back Norms.
This is an activity of buying back own securities from various modes as prescribed by the governing authorities. The decision can be of Board of directors or the members of the company as per the amount involved in the buy back operations. The default in complying with the applicable provisions result in fines and penalties and imprisonment of defaulting officers as well.
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- Question 1 of 10
Design Act, 2000 is applicable toCorrect
Stated in Section 1 of Design Act, 2000.Incorrect
- Question 2 of 10
Defination of Design under Design Act, 2000 excludesCorrect
Section 2(d), excludes these things out of defination of Design.Incorrect
- Question 3 of 10
A design is capable of being registered only if it is new or original.Correct
As per Section 4, design is capable of being registered only if it is new or original.Incorrect
- Question 4 of 10
Non-registrable designs is/areCorrect
These are not eligible for registration.Incorrect
- Question 5 of 10
Type of application for Design under the Act is/areCorrect
Ordinary application,Reciprocity application are two types of application under Design Act, 2000.Incorrect
- Question 6 of 10
Designig, a single application may be registerd for not more than ……….. class.Correct
As per Section 5(3), Designin, a single application may be registerd for not more than one class.Incorrect
- Question 7 of 10
Reciprocity application shall be filed in India within ………….. month from the date of filing in Convention
As per Section 44.Incorrect
- Question 8 of 10
Name of an applicant can be substituted or a joint claim can be made for an applied design.Correct
Possible with sonme conditions prescribed in Section 8.Incorrect
- Question 9 of 10
Decision in subject of class or article for Deisgn shall be final ofCorrect
Decision in subject of class or article for Deisgn shall be final of Controller as per Section 5(3).Incorrect
- Question 10 of 10
The appropriate class shall be clearly identified with reference to The Third Schedule and shall be
mentioned in Form 1 for Design Registration.Correct
Design registration application shall be filed in Form – 1 with prescribed class.Incorrect